Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,792 shares of the aerospace company’s stock after selling 91 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Leidos were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in shares of Leidos during the third quarter valued at $30,000. 1832 Asset Management L.P. purchased a new position in shares of Leidos during the second quarter valued at $34,000. Blue Trust Inc. grew its holdings in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after buying an additional 169 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Leidos during the third quarter valued at $46,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by insiders.

Leidos Price Performance

Shares of NYSE:LDOS opened at $185.70 on Thursday. Leidos Holdings, Inc. has a fifty-two week low of $94.57 and a fifty-two week high of $188.36. The business has a 50-day moving average of $161.89 and a two-hundred day moving average of $150.56. The stock has a market capitalization of $25.02 billion, a P/E ratio of 58.22, a P/E/G ratio of 1.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Leidos Holdings, Inc. will post 8.96 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s payout ratio is currently 47.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial lifted their price target on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup boosted their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America boosted their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their target price on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Leidos has an average rating of “Moderate Buy” and an average price target of $187.77.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.